AEP Charter KCC II LLC Acquires Property In Riverview For $8.2M With Rep Achikam Yogev
11519 McMullen Rd, Riverview, FL, 33...
$8,199,999
$282/SF
Building Size
28,998 SF
Asset Type
School
Closing
Aug 3, 2017
AI
The transaction involved the sale of the Kid’s Community College Southeast Riverview, located at 11515 and 11519 McMullen Road in Riverview, Florida. The property has a total square footage of 28,998 and was sold for a price of $8,199,999. This sale is part of a broader market activity in Riverview, which is notable for educational properties.
Summary of transaction details:
- Property Type: Educational Facility
- Transaction Amount: $8,199,999.00
- Address: 11519 McMullen Rd, Riverview, FL
- Market: Riverview
- Seller's Representative: Achikam Yogev (Colliers International)
- Buyer: AEP Charter KCC II LLC
- Square Footage: 28,998
This sale was part of a larger transaction where Colliers International Education Services Group facilitated the transfer of two charter school properties, totaling 134,000 square feet. The overall context of this deal includes the involvement of AEP Charter KCC II LLC and AEP Charter Renaissance LLC, which are affiliated with Charter School Capital based in Portland. The additional property included in this transaction is the 105,002-square-foot Renaissance Charter School at University.
Players
Riverview School Market Snapshot
Boundary boundary · School · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93